1. Opening of applications:
October 13, 2025 - h 11:00 am CET
2. Closing date for applications:
January 8, 2026 - h 11:00 am CET
3. Publication of the results (eligibility/admission and Erasmus Mundus scholarship awarding) :
February 27, 2026
4. Confirmation of Acceptance of the place and the scholarship with possible scrolling of the waiting list:
March 2 - March 6, 2026
5. Matriculation at UNIBO included students not yest graduated admitted under condition (for self-paying students: Steps 1, 2 and 3 with payment of the first instalment; for EM scholarship holders: Steps 1 and 2 only):
March 6 - March 13, 2026
6. Possible scrolling of the waiting list:
March 16 - May 20, 2026
7. Deadline for late matriculation for any students admitted after March 13, included students not yest graduated admitted under condition (for self-paying students: Steps 1, 2 and 3 with payment of the first instalment; for EM scholarship holders: Steps 1 and 2 only):
May 29, 2026
8. Welcome week at UNIBO (including the appointment with the office to show the originals of the documents required to finalize the matriculation):
August 31 - September 4, 2026
9. Programme Start:
September 14, 2026
HOW TO ACCESS THE PROGRAMME
Admission will be granted based on a limited number of spots, set at 51 for the 2026-27 academic year, with an equitable distribution of 17 spots for each track. Any exceptions to this limit will be assessed by the Admission Board, considering specific qualifications of candidates in relation to the sustainability of the programme for the partner HEIs.
This notice is addressed to all candidates coming from EU and NON-EU countries (Member States of the European Union, Third countries associated to the programme and Third countries not associated to the programme) who, being in possession of the admission requirements, intend to enrol in the GrEnFIn-EMJM.
INFORMATION FOR GRADUATING STUDENTS
Candidates who are about to graduate may also apply. They will be evaluated, and they may possibly matriculate for the GrEnFIn-EMJM provided they obtain their undergraduate degree by and no later than July 24, 2026 (consider that for Environmental Finance track, students with degrees from China, India and Vietnam will be asked to provide the APS certificate by July 15, 2026). Candidates who do not meet this requirement will not be able to complete the matriculation to the GrEnFIn-EMJM and any registration will be cancelled. Any vacant places will be allocated to students on the waiting list.
PROGRAMME ADMISSION REQUIREMENTS
In order to be admitted to the GrEnFIn-EMJM you must possess:
1. the required academic qualification (see point 1);
2. specific curricular requirements (see point 2);
3. specific language requirements (see point 3);
4. adequate personal competencies and skills, verified according to the criteria laid down by the programme (see point 4).
1. Qualifications
- First cycle academic qualification: three-year university diploma or degree
Candidates who are about to graduate may also apply. They will be evaluated, and they may possibly matriculate for the GrEnFIn-EMJM provided they obtain their undergraduate degree by and no later than July 24, 2026.
What happens if you do not have the necessary qualification?
If you do not have the necessary academic qualification and do not fall under the cases dealt in "Information for graduating students", you will not be able to register for the GrEnFIn-EMJM.
2. Curricular requirements
In order to be eligible for the GrEnFIn-EMJM, candidates must have a Bachelor’s degree in one of the following fields:
Mathematics, Physics, Economics, Statistical Sciences, Information Technology, Engineering.
Candidates holding an Italian qualification must have obtained the Bachelor’s degree in one of the following classes or possess another qualification obtained abroad recognized as suitable:
- ex. Italian Ministerial Decree n. 270/04: L 7 Civil and Environmental Engineering, L 8 Information Technology Engineering, L 9 Industrial Engineering, L 18 Business Administration, L 30 Physics, L 31 Computer Science, L 33 Economics, L 35 Mathematics, L 41 Statistics.
- ex. Italian Ministerial Decree n. 509/99: classe 8 (Ingegneria Civile e Ambientale), classe 9 (Ingegneria dell'informazione), classe 10 (Ingegneria industriale), classe 17 (Scienze dell'economia e della gestione aziendale), classe 25 (Scienze e Tecnologie Fisiche), classe 26 (Scienze e Tecnologie Informatiche), classe 28 (Scienze Economiche), classe 32 (Scienze Matematiche), classe 37 (Scienze Statistiche).
- Previous four-year degree programme system: degree in Mathematics, Physics, Economics, Statistical Sciences, Information Technology, Engineering.
In any case, the eligibility to the GrEnFIn-EMJM depends on the assessment of qualifications by the Admission Board. The assessment is made on the basis of the curriculum vitae and the criteria specified below.
What happens if you do not meet the curricular requirements?
If you do not meet all the curricular requirements indicated, they will not be able to register for the programme.
3. Language requirements
English language skills are required to at least CEFR level B2.
The English language requirement is fulfilled during the application phase through:
- Submission of a suitable certificate. The list of recognized certificates is published at the bottom of this page: see ENGLISH LANGUAGE CERTIFICATES
4. Adequate personal competences and skills
Eligibility to the GrEnFIn-EMJM is in any case subject not only to possession of the curricular requirements indicated above, but also to verification of adequate personal competences and skills, carried out as indicated below.
How the adequacy of personal competences and skills is verified?
a. Academic merit (duration and quality of degree course attended as well as to the final graduation score obtained, all certified by the transcript).
The Admission Board will examine the documentation submitted in the application phase which refers to the information reported by the candidate in the official template “ISCED classification Template” (International Standard Classification of Education). The Admission Board may check the correspondence between the data declared and the supporting documents: max 50 points
b. Overall experience (curricular and extracurricular) related to the field of study, provided through the official template available at the following link https://europass.europa.eu/en: max 20 points
c. In order to prove the adequacy of your personal competences and skills, you will also be required to submit a GRE certificate taken in person and issued no more than two years prior to the deadline of the call: max 30 points
Submitting all required documents is mandatory; therefore, candidates who do not submit one or some of the certificates/documents required will be automatically excluded from the evaluation.
Only candidates who reach a minimum of 60 points will be considered eligible.
d. Applicants who achieve a total score equal to or higher than 80 across points a, b, and c will be invited to an interview, preferably held in person at one of the partner institutions (Bologna, Munich, Paris). Alternatively, justified reasons may allow for the interview to be conducted online. The interview will be both exploratory and evaluative, including an assessment of the candidate's academic preparation and finalized to define the Erasmus Mundus scholarship attribution. The date of the interview will be communicated by e-mail sent to the institutional e-mail address (@studio.unibo.it).
Applicants who are invited to the interview and do not attend it will be automatically excluded from the scholarship attribution.
What happens if my personal training does not meet the adequacy criteria?
If you obtain a final score of less than 60 points, your personal competencies and skill will be deemed unsuitable, and you will not be able to register for the programme.
Eligible students are not deemed to be admitted to the course if they do not qualify for the places available.
Within the period set for the GrEnFIn-EMJM intake you can apply by following the steps below.
1. Log on to Studenti Online (www.studenti.unibo.it)
If you are accessing for the first time, choose 'Register' and log in with SPID or CIE. The system will automatically retrieve your personal details and create your University credentials (name.surname@studio.unibo.it).
If you do not have an identity document issued in Italy you may log on with the University username and password, which can be obtained by going to Studenti Online (www.studenti.unibo.it) and clicking on “Register” and then “International students registration”.
2. Click on "Admission application", select "Second Cycle Degree Programme". Each student can apply for one and just one of the following tracks:
- ERASMUS MUNDUS JOINT MASTER (GRENFIN - EMJM) 1 RENEWABLE TECHNOLOGIES
- ERASMUS MUNDUS JOINT MASTER (GRENFIN - EMJM) 2 ENVIRONMENTAL FINANCE
- ERASMUS MUNDUS JOINT MASTER (GRENFIN - EMJM) 3 CLIMATE&BUSINESS
3. Upload the following documents in PDF (only “ISCED classification template”, see below, will be an Excel file):
COMPULSORY DOCUMENTS:
OPTIONAL DOCUMENTS:
The committee will only assess documents uploaded through the Studenti Online application (www.studenti.unibo.it).
Any mandatory documents that are missing or only partially uploaded by the application deadline shall result in the candidate not being considered.
Documents must not be sent by post or email to the administrative offices.
In the event of false declarations, in addition to incurring the penalties laid down in Article 496 of the Italian Criminal Code, you will automatically forfeit your right to registration and any benefits obtained, without being entitled to any reimbursement of the sums paid.
ERASMUS MUNDUS JOINT MASTER SCHOLARSHIP APPLICATION
Candidates applying for an EMJM scholarship must consider that:
Candidates will be required to accept the above-mentioned awarding conditions at the application stage. The consequence in case of false declarations will be the reimbursement of scholarships unduly paid. The Education, Audiovisual and Culture Executive Agency (EACEA) will perform regular checks to ensure the respect of the above-mentioned rule.
The results of your application will be published on Studenti Online (www.studenti.unibo.it) and sent to your institutional email address (name.surname@studio.unibo.it), as from the date indicated in the section "Deadlines". You will be invited to accept the place following a pre-enrolment procedure within the deadline indicated.
The results will be either
"admitted": in this case you can register for the programme;
"not admitted": in this case you cannot register for the programme.
Admitted students will be promptly informed about the requirement to hold a valid Visa or residence permit, in accordance with the mobility plan for their assigned track. This will ensure compliance with the immigration regulations in force in the country where they will be undertaking their mobility.
SELECTION FOR THE ERASMUS MUNDUS JOINT MASTER SCHOLARSHIP
As the Admission Board has evaluated the candidates, the allocation of scholarships will be based on a single ranking that involves all three tracks to enhance the merit of admitted candidates regardless of their pathway preferences. The scholarships will be given separately to EU Member States and Third countries associated to the program as well as Third countries not associated to the program and NDICI countries. Geographical balance is required by the Erasmus Mundus rules so no more than 10% of the total number of scholarships will be awarded to candidates from the same nationality (unless they come from targeted regions of the world). Students will be notified about the scholarship attribution starting from the date specified in the Schedule of Procedures (see Section 2).
Students will be invited to accept the scholarship along with their place within the same deadline specified in the Schedule of Procedures.
➢ for self-paying students: Steps 1, 2 and 3 with payment of the first instalment
➢ for EM scholarship holders: Steps 1 and 2 only
All admitted students (EMJM scholarship-holders or not) who have accepted the place through the pre-enrollment procedure must finally matriculate at UNIBO (Steps 1 and 2).
All non-scholarship holders must also proceed with the payment of student participation costs upon enrolment at UNIBO (Step 3).
All admitted students will also be required to matriculate/register at the higher education institutions included in the specific mobility plan for their track, fulfilling all local administrative obligations.
Students will have to matriculate at UNIBO via Studenti Online (www.studenti.unibo.it) and should complete the following steps:
University identification and career activation
Identification:
Career activation
Activating your career enables you to take part in all the activities you will carry out as a student (e.g. submitting your study plan, booking exams, carrying out any other procedures related to your career, accessing the Wi-Fi network and online library resources, and using the MyUnibo app).
After identification, career activation will take place automatically, unless you fall into one of the following cases.
If you have not yet graduated at the time of matriculation,
you must obtain your degree by 24 July 2026 at the latest. Otherwise, your matriculation will be cancelled.
If you are graduating from the University of Bologna, the system will automatically update your position once you obtain your degree.
If you are a non-EU citizen, are resident abroad and have obtained your qualification abroad:
see details at www.unibo.it/EnrollingSecondCycleDegreeProgrammesNonEU.
Check the foreign qualification documentation required to matriculate.
Remember that the documentation submitted in your application for admission (e.g. degree, transcript, etc.) must be translated and its authenticity and value must be verified, where required.
NOTE THAT:
In the “Calls” section of Studenti Online (www.studenti.unibo.it),
1. select “Matriculation A.Y. 26_27 - document upload for international students with foreign qualifications” and 2. upload your qualification diploma and a copy of your entry Visa for study purposes.
When you arrive in Italy, during the Welcome Week held in Bologna (September 2026), an appointment with the International Student Administration Office will be made in order to show the original copies of your documentation.
Warning: if you have a foreign qualification, admission to the programme and any subsequent conditional or unconditional validation of your pre-enrolment by the University do not confer any right to finalise your matriculation, even in the event of obtaining an entry Visa, being physical present in the country, becoming eligible for and/or actually receiving scholarships or contributions of any kind.
For matriculation purposes, it will be necessary to verify the actual suitability of the foreign qualification, and the authenticity of the submitted documentation.
Your qualification will be formally checked by the International Student Administration Office in Bologna after paying the first matriculation instalment (for non-EM scholarship holders) and submitting the original copies of all the required documentation.
Once the students’ career is active, they will be sent an e-mail with a QR code allowing them to print their badge.
During the Kick-off meeting held in Bologna at the beginning of September, all admitted students will have the opportunity to meet with the faculty members responsible for the various tracks and to learn about all the opportunities offered by the program, as well as the flexibility and customization options available in their academic journey. Additionally, students will receive support in completing the administrative procedures necessary for finalizing their enrollment, in compliance with EU and any local requirements.
Once the students’ career is active, they will be sent an e-mail with a QR code allowing them to print their badge.
PROGRAMME COUNTRIES
- Member States of the European Union (EU):
27 EU countries: Belgium, Bulgaria, Czech Republic, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland, Sweden.
- Third countries associated to the programme:
Iceland, Liechtenstein, North Macedonia, Norway, Turkey, Serbia.
PARTNER COUNTRIES
Third countries not associated to the programme:
all other countries.
List of the English language certificates accepted by GrEnFIn-EMJM
ISCED classification of the exams. This guide helps you map each course to the right UNESCO classification, focusing on fields most relevant to Quantitative Finance
The Admission Board will examine the documentation submitted at the application phase, which refers to the information reported by the candidate in the official template “ISCED classification Template”. Fill in and upload the excel form including 4 sheets, at the bottom: “Guide” with instructions for completion followed by the 3 subsequent sheets to be filled in.
Information for candidates wishing to apply for admission in the GrEnFIn Erasmus Mundus Joint Master for the academic year 2026-2027 (English version)
Information for candidates wishing to apply for admission in the GrEnFIn Erasmus Mundus Joint Master for the academic year 2026-2027 (Italian version)